Business Directories

Oman Real Estate Association backs exhibition

Muscat, June 26, 2013

Oman Real Estate Association (Orea) has pledged support to a leading home building and interiors exhibition, to be held in the Sultanate in December.

‘The Home Show’ will be held at the Oman International Exhibitions Centre from December 9 to 11 and is being organized by Global Exhibitions and Conferences (GEC) and Epoc Messe Frankfurt.

The event is expected to attract an array of property developers and brands as sponsors, exhibitors and participants.

The show is set to take place against a backdrop of robust growth across Oman’s vibrant real estate and property development market, fuelled by vigorous government economic and infrastructure spending, said a statement.

The current 8th Five Year Plan (2011 – 2015), part of a long-term development strategy set out in the ‘Vision 2020, envisions a total investment of around RO16 billion ($41.5 billion) in infrastructure projects and other government-funded programmes. It includes a 45 per cent rise in expenditure on housing during this year.

“The real estate and property development sector is fast emerging as an important pillar of Oman’s economic development. Orea’s goal is to help sustain and build on this growth by providing all of the players, big and small, a platform that champions professionalism, best practices, and the pursuit of excellence in the real estate industry,” said Mohammed Salim Khalifa Al Busaidi, chairman, Orea.

“We are delighted to have the Orea on board as a strategic partner. Together with our other partners, sponsors, and exhibitors, representing all of the key players and brands in this industry, we are on course to staging yet another outstanding edition of this event,” said CJ Paul, chief executive officer, GEC. – TradeArabia News Service